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Sokoman Minerals (CVE:SIC) Trading 29.6% Higher - Here's What Happened

Sokoman Minerals logo with Basic Materials background

Key Points

  • Sokoman Minerals Corp. experienced a significant stock price increase of 29.6% on Friday, rising from C$0.14 to C$0.18.
  • The trading volume surged to approximately 4.69 million shares, marking an 870% increase compared to the average daily volume.
  • Sokoman Minerals is focused on exploring gold projects in Canada, particularly in Newfoundland and Labrador, with flagship projects including Moosehead and Fleur de Lys.
  • Five stocks we like better than Sokoman Minerals.

Sokoman Minerals Corp. (CVE:SIC - Get Free Report)'s stock price rose 29.6% on Friday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 4,690,584 shares traded hands during trading, an increase of 870% from the average daily volume of 483,367 shares. The stock had previously closed at C$0.14.

Sokoman Minerals Stock Up 22.2%

The company has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The company has a market cap of C$54.66 million, a price-to-earnings ratio of -11.80 and a beta of 0.68.

Sokoman Minerals Company Profile

(Get Free Report)

Sokoman Minerals Corp., an exploration-stage company, engages in the exploration of mineral properties in Canada. The company primarily focuses on its portfolio of gold projects located in the province of Newfoundland and Labrador. It has 100% owned flagship Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland.

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